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Given the sheer size of these three projects (with Solana, Cardano, and Aptos having market capitalizations of roughly $100 billion, $34 billion, and $5 billion, respectively), expectations that ...
We’ve made it clear, here at InvestorPlace, that we like Solana (SOL-USD) and Cardano (ADA-USD). Both projects offered their own distinct flavor of a promising long-term investment. Now, SOL and ...
*Stock Advisor returns as of January 6, 2025. Travis Hoium has positions in Solana. The Motley Fool has positions in and recommends Aptos, Cardano, and Solana. The Motley Fool has a disclosure policy.
For example, over one week in May 2022, bitcoin lost 20% of its value and Ethereum lost 26%, while Solana and Cardano lost 41% and 35% respectively. The falls were attributed to warnings about inflation. By comparison, in the same week, the Nasdaq tech stock index fell 7.6 per cent and the FTSE 100 was 3.6 per cent down. [115]
Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency, ADA. [5] Cardano's development began in 2015, led by Ethereum co-founder Charles Hoskinson.
Solana was launched in 2020 by Solana Labs, which was founded by Anatoly Yakovenko and Raj Gokal in 2018. The blockchain has experienced several major outages, was subjected to a hack, and a class action lawsuit was filed alleging that Solana sells unregistered securities , and misled investors about the number of tokens.
Ethereum, Cardano, and Solana have appreciated 34.5%, 70.3%, and 26.6% over this time frame, so there's likely some profit taking happening in today's session among these top tokens.
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